VTB pushing dim sum for Russian borrowers

VTB Capital is encouraging Russian borrowers to consider the dim sum market as a supplementary source of funding because their access to core markets has been restricted since the US imposed sanctions in April. However, the potential scale of the dim sum market is limited.

By Lewis McLellan

03 Dec 2018

The imposition of sanctions on some Russian individuals and entities
by the US has left the dollar market inaccessible to most Russian borrowers.

Even in
euros, only Gazprom and the sovereign have so far tested the waters since the
sanctions were imposed in April this year.